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it's the economy. we talk a lot about low interest rates on this show. right now money is as cheap as you can get. christine romans is here to talk about the other side of cheap interest rates. you don't always benefit. you might get a great, you know, bonus on your mortgage rate. >> right. >> i was just looking back in the '80s. a five-year cd, which is where you want to plunk your money. back in the '80s when we were just babies. >> i don't remember the '80s, actually. >> liar, liar. 12%, we used to get 12% on a five-year cd. today, what? 2%. >> not even 2%. if you're lucky. a one-year cd is basically .3%. a savings account is -- i mean, talk about inflation, you're losing money by being safe and by playing it safe. and this really hurts people who are closer to retirement or people who don't want to take a risk in the market. so these low interest rates we've been telling you about, the fed keeping rates low, it's been great to refinance a mortgage, great to borrow money to buy a car, to buy a car, it's been great. it has not been good for savers. sav
it's the economy. we talk a lot about low interest rates on this show. right now money is as cheap as you can get. christine romans is here to talk about the other side of cheap interest rates. you don't always benefit. you might get a great, you know, bonus on your mortgage rate. >> right. >> i was just looking back in the '80s. a five-year cd, which is where you want to plunk your money. back in the '80s when we were just babies. >> i don't remember the '80s, actually....
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big questions over the role of government when it comes to the economy. these two guys could not be further apart. did they make their case clear last night? >> it was part of the debate i enjoyed the most. i enjoyed the economic stuff. when it got to the role of golf, jim lehrer asked that and i thought they stated their case and mitt romney stated it well where he said he doesn't believe the federal government can do much that is better than the private sector can be left to do or individuals can do and barack obama, you know, he started by saying the major role of government is keeping its people safe. but that is a fundamental disagreement between conservatives and liberals. i think -- i don't know that too many people would have been confused about their answers or would have expected them to say something else but i think it's important that your vote this time around is determined by what role you think government should have. the key difference to remember is in the last four years with the economic collapse, we live in a world, in a country where
big questions over the role of government when it comes to the economy. these two guys could not be further apart. did they make their case clear last night? >> it was part of the debate i enjoyed the most. i enjoyed the economic stuff. when it got to the role of golf, jim lehrer asked that and i thought they stated their case and mitt romney stated it well where he said he doesn't believe the federal government can do much that is better than the private sector can be left to do or...
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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>> the jobs and economy are so segregated in people's minds anyway. wow, fascinating. what about overall, i like the guy, i don't like the guy? >> it's a huge factor. the president used to have a big advantage when it comes to likability, favorable ratings. take a look at our numbers from yesterday. 52% had a favorable rating of the president, mitt romney's not that far off at 49%. what about the wing man, joe biden 47%, paul ryan 46%. all kind of in the same range. >> how often do we poll about the wing man? i rarely see the actual numbers separated for the vice presidential candidate. >> they face off next week. more numbers on them. >> and just lastly, while we look at these polls and hear a lot of people arguing about polls and they're skewed and they follow a narrative and the questions follow a narrative and that may or may not be true. historically, how accurate have polls been toward the election sf. >> i like to brag about our own cnn poll four years ago, we were pretty much spot-on on the popular vote between the president and mitt romney, i'm sorry, john mcc
>> the jobs and economy are so segregated in people's minds anyway. wow, fascinating. what about overall, i like the guy, i don't like the guy? >> it's a huge factor. the president used to have a big advantage when it comes to likability, favorable ratings. take a look at our numbers from yesterday. 52% had a favorable rating of the president, mitt romney's not that far off at 49%. what about the wing man, joe biden 47%, paul ryan 46%. all kind of in the same range. >> how...
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also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president constantly always being there with the families that actually moved so much of the world now it's starting to criticize the united states. specifically, quantitative easing. that's the printing of money by the federal reserve. in an exclusive interview you with me the president said that simply printing money in america will not do the trick of rescuing the u.s. economy. >> yes. can you bring money and maybe you can solve the short-term problems. you will never solve the american problem just by printing money. you need to do much more than that, which i
also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president...
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Sep 29, 2012
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because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it serves to control what many consider the excesses of the free market. >> and without the hand of policy, markets can crash. the vulnerable can be exploited. >> reporter: he frequently cautions against unwarranted growth, yet the economic stimulus and the auto bailout he has sounded like another democratic president, frankly roosevelt who in the great depression insisted government must protect economic rights. >> the right to adequate medical care and the opportunity to achieve and enjoy good health. >> reporter: flash forward four decades and here comes another president with a very different view. >> gover
because the economy has crashed, forcing more people to rely on government programs like unemployment and food stamps. because the baby boomers started retiring, collecting social security and medicare. and maybe because barack obama is president. >> the question we asked today is not whether our government is too big or too small, but whether it works. >> reporter: from the start, mr. obama has clearly believed government is a positive force, that expansion is not bad and that it...
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Sep 28, 2012
09/12
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this campaign trail is completely awash with foreign policy snipes and criticism over the economy and crippled unemployment rate. when it comes to health care, crickets. radio silence. despite the issue completely dominating the debate for most of the year. it does not mean you don't care about health care and that it has disappeared from the agendas. oh, no. here is dr. sanjay gupta with their positions and their plans when it comes to your health. >> since president obama's health care law was enacted 3.1 million people under the age of 26 will covered by their parents' plans and preventive care is covered 100% by insurance companies. seniors in particular have benefitted on prescription drugs. >> seniors who fall in the coverage gap known assist the doughnut hole will start getting help. they will receive $250 to help pay for prescriptions and that will over time fill in the doughnut hole. >> 5.5 million seniors saved a total of nearly $4.5 billion on prescription drugs since the law was enacted. that's according to the health and human services department. >> i have strengthened m
this campaign trail is completely awash with foreign policy snipes and criticism over the economy and crippled unemployment rate. when it comes to health care, crickets. radio silence. despite the issue completely dominating the debate for most of the year. it does not mean you don't care about health care and that it has disappeared from the agendas. oh, no. here is dr. sanjay gupta with their positions and their plans when it comes to your health. >> since president obama's health care...
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how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on friday from the government jobs report. that's really the biggie, the report that counts. it factors in the private sector jobs, it counts government jobs which actually have been shrinking and the expectation is that the economy added 110,000 jobs in september. and, you know, that would be just be okay, because the reality is we have got a long way to go. in early 2009, the economy lost over 800,000 jobs a month. this by the way is the year that president obama took office. compared to that, 110,000 on friday would be good.
how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on...
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economy grew even slower in the second quarter than initially reported. ring the opening bell is tony bass, president and ceo of the sm energy company. >>> is your money you will haver in trouble a cybersnake according to the "new york times," banks like jpmorgan chase are coordinating with the homeland security department after a string of cyberattacks hit american financial institutions the past two weeks. an attack is expected today on pnc financial services. >>> taken 35 years of research. another painting is larger than the famous version hanging in paris and believed to be ten years old there are some people who doubt it was actually da vinci's work. >>> you know about the nation's war on drugs, not only ruled the headlines but echoed from the oval office to the campaign trail. what is the nation's anti-drug strategy now? cnn's john zarrella continues our week-long look at the issues, big and small, of the presidential elength. >> reporter: a fishing trawler tries outrunning a coast guard cutter. the crew of the cutter fires its 50-caliber machine g
economy grew even slower in the second quarter than initially reported. ring the opening bell is tony bass, president and ceo of the sm energy company. >>> is your money you will haver in trouble a cybersnake according to the "new york times," banks like jpmorgan chase are coordinating with the homeland security department after a string of cyberattacks hit american financial institutions the past two weeks. an attack is expected today on pnc financial services. >>>...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> about 32 hours away from the obama-romney debate in denver. while debates may not always change the course of the election they can have some powerful moments. revealing something about the politicians running for president. anderson cooper shows us some of the most memorable debates. >> reporter: september 26, 1960. first presidential deless viced debate. appearances mattered more than ever and gaffes however small are magnified
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out...
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that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at china, manufacturing in china, in europe, it is going backwards it contracting. sobucking the trend. a good surprise for the u.s. manufacturing is what helped get us out of the recession in 2009. we saw activity picked up, hiring picked up. we saw the trend continuing. we want to see that continue to help the economy move forward. with a lot more momentum. >> we like it. we like the direction. alison kosik, thank you very much. >>> there are a lot of protests over mahmoud ahmadinejad in the united states this last week for the u.n. general assembly. a cameraman for the president of iran is now saying he doesn't want to go back home to iran, he wants to stay here. hear what he just did to make that happen. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just receive
that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at china, manufacturing in china, in europe, it is going backwards it contracting. sobucking the trend. a good surprise for the u.s. manufacturing is what helped get us out of the recession in 2009. we saw activity picked up, hiring picked up. we saw the trend continuing. we want to see that continue to help the economy move forward. with a lot more momentum....
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russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president. >> jim, one of the things i noticed, too, that's different here, virginia's unemployment rate is much lower than the national average. you're talking about a national average of over more than 8%, virginia hovering in the 5% range or so. is his message of creating more jobs. is that really going to resonate in virginia? >> reporter: that is why i think, suzanne, we heard him talking about defense jobs. as he was putting it here a few moments ago, if the sequestration cuts happen -- you hear it here in the local media. while the economy is doing quite well, better than the national average. we heard
russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president....
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another sign the economy could be improving. just released a report showing that sales of new homes jumped again in august. but let's quickly take a look at some of the other encouraging numbers that have recently come out. home prices in 20 major cities have gone up for the past three months. consumers are spending more. one example, 3% more spent on household goods compared to 2010. gas prices are down. still expensive. the national average at $3.83 a gallon. now let's break down the new home sales report to see if we actually should be jumping up and down in the streets. christine romans is here. what do the numbers say? >> jumping up and down in the streets. you should be trying to refinance your mortgage. we have 373,000 new home sales. these are new homes so as i told you before, every new home is a construction worker, a roofer, a plumber. it's a lot of economic activity because you're building that house from scratch. 1,000 better than the prior month but not exactly as much as wall street had been hoping for. they've be
another sign the economy could be improving. just released a report showing that sales of new homes jumped again in august. but let's quickly take a look at some of the other encouraging numbers that have recently come out. home prices in 20 major cities have gone up for the past three months. consumers are spending more. one example, 3% more spent on household goods compared to 2010. gas prices are down. still expensive. the national average at $3.83 a gallon. now let's break down the new home...
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09/12
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...
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09/12
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and that's our economy. you have to have a strong economy. >> president obama was rallying supporters in virginia beach. that was a couple minutes ago. he talked about creating opportunities for everybody. >> we don't believe anybody is entitled to success in this country. we don't believe government should help folks who aren't willing to try to help themselves. but we do believe in something called opportunity. we do believe in a country where hard work pays off, where responsibility is rewarded, where everyone gets a fair shot and everybody is doing their fair share and everybody plays by the same rules. we believe in america where no matter what you look like, no matter who you are, no matter where you come from, no matter who you love, you can make it if you try. [ cheers and applause ] that's the country i believe in. >>> jim acosta is covering the romney campaign. jim, one of the interesting things back in 2008 in covering president obama, you knew that there was a sense that he could possibly win whe
and that's our economy. you have to have a strong economy. >> president obama was rallying supporters in virginia beach. that was a couple minutes ago. he talked about creating opportunities for everybody. >> we don't believe anybody is entitled to success in this country. we don't believe government should help folks who aren't willing to try to help themselves. but we do believe in something called opportunity. we do believe in a country where hard work pays off, where...
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09/12
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, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well, they're definitely helping with their public image because they're the most likable parts of each ticket really, but i feel as though they could be helping a lot more because that ann romney clip continued to her saying that the only thing she's concerned about is if romney wins, she's concerned about his mental well-being. so you might not want to question the mental health of your husband who you're asking everybody to elect as leader of the free world, and michelle obama i feel like she can probably privately -- i think the biggest thing they can do to help their husbands is privately encourage them to be more of who they a
, in his understanding of what's missing right now in the economy, what -- you know, the pieces that are missing to get this jump started, so for me i think it would just be the emotional part of it. >> i can make him mad. i'm probably one of the few people who can really make him mad. >> how do you make him mad? >> any number of ways. >> okay. so interesting. are these wives helping or, you know, hurting their husbands in this buildup to the election? >> well,...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....